Microsoft Apologizes: Bitcoin Still Accepted
In a day when the major bitcoin headline was that of Microsoft seemingly cutting ties with Bitcoin, the company has now been forced to apologize for what it deemed as “inaccurate information”. Bitcoin will continue to be supported. Technology giant Microsoft had suggested in a recent FAQ/How-to post that it would be no longer accepting Bitcoin. It was a clearly worded statement, leaving no doubt about its intent. “You can no longer redeem Bitcoin into your Microsoft account,” it said. However, the software maker has now claimed that the earlier post –now removed and redirecting to their....
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By the look of things, Microsoft is less keen on Bitcoin than they have ever been before. Although the technology giant announced the acceptance of Bitcoin payments several months ago, the Microsoft Store is no longer accepting digital currency payments for certain services. Existing balances can still be used, but new deposits are no longer possible. Is this a direct result of the ongoing Bitcoin block size debate, or is there a different reason? Microsoft Store Bitcoin Update. When opening this page of the Microsoft Store, there is a clear message saying how Bitcoin payments are no....
Microsoft also Exploring Blockchain Technology for the IoT "World of Distributed, Connected Devices"
Since starting to accept Bitcoin earlier this month, Microsoft has not started offering Bitcoin acceptance globally, or for all of its products. Currently, users that wish to load their Microsoft accounts with Bitcoin are limited to $1,000 a day and $5,000 maximum. Microsoft seems to be waiting for further clarification on Bitcoin regulation before moving forward with their Bitcoin plans. Like many other companies, Microsoft is willing to try Bitcoin acceptance, which has clearly defined tax treatments, but is reluctant to do anything else thus far. BitPay Chairman Tony Gallippi has....
Microsoft has now joined the many, many retailers that are now accepting bitcoin as payment. Microsoft, the global powerhouse that created the widely used Windows OS, is allowing its users to fund their Microsoft/Windows Live accounts or xBox Live accounts. This means customers can now purchase xBox games, mobile apps, music, and other digital media using bitcoin. Bitcoin is now accepted as a payment option for Live account users. This option is available across the United States, and is converted at the current exchange rate. BitPay will be handling the payment conversion process for....
Microsoft, the famous multinational corporation that powers much of the world's computing infrastructure with its Windows OS, now accepts Bitcoin online for its digital products. Microsoft users, in America only for now, can even fund their Microsoft/Windows Live or XBox Live accounts using Bitcoin, at the current exchange rate. Once Microsoft's Bitcoin acceptance is at 100%, businesses and end users alike can pay for services such as Azure or even Windows Phone apps. Once Microsoft starts accepting Bitcoin worldwide, the frictionless transactions will truly begin to flow. With $86.63 b in....
Despite rumors to the contrary, Microsoft's bitcoin payments program remains limited to US customers. In a statement to CoinDesk, Microsoft indicated that while it is considering expanding the program to new markets, such discussions are still in the initial stages. 'We are looking into expanding our bitcoin payment processing outside of the US, but have nothing more to share at this time,' a spokesperson said. The comments follow suggestions by Microsoft users that the company had opened up its offering to users in the UK and Germany. Microsoft first began accepting bitcoin as a payment....